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How to get BNB to MetaMask for use on the Binance Smart Chain.
Every MetaMask user who is new to the Binance Smart Chain (BSC) have same the issue, which is how do you get BNB in and out of the network.1 year ago BNB is crucial to using the dApps and smart contracts on the Binance Smart Chain.1 year ago
By default, MetaMask is set up to use the Ethereum Mainnet which uses ERC-20 for smart contracts. The Binance Smart Chain is a different network, BEP-20, so the tokens cannot be directly swapped from ERC-20 to BEP-20 in MetaMask.
There are many ways to convert tokens between the networks. Some are more expensive than others. It is common for new users to make mistakes during this process and lose funds.
In this article, I will provide a couple of examples of how to get Fiat money in and out of the BSC so it can be used by MetaMask and avoid costly fees and mistakes often associated with this process.
Add the Binance Smart Chain to MetaMask.
To begin, we will need to add the Binance Smart Chain network to MetaMask.
In MetaMask, under settings for network, טרעזאָר מאָדעל ה בינאַנסע click "Add a network". You will see this:
2. Enter the following:
Network Name: binance cryptocurrency exchange Smart Chain.
Chain ID: 56.
Currency Symbol: BNB.
3. Click save and the network will be added.
How to get Fiat converted to BNB.
For the examples, we will use Binance.us and Coinbase (with app.multichain.org as a bridge) to convert Fiat money to BNB BSC.
Binance.
I’ve found that the easiest way to get BNB to MetaMask is to buy directly off Binance and send.
Create a Binance account/wallet Add Fiat funds or send your favorite coin/token (BTC, USDT, or whatever) to the wallet Buy BNB BEP20 BSC Use the withdraw button from Binance to send the BNB (BSC BEP20) to the MetaMask wallet address. The ERC-20 and BEP-20 addresses are the same for the same MetaMask wallet, but the networks are different. Make sure you are sending the funds to the BEP-20 (BSC) network.
5. Wait for the BNB to appear in the MetaMask wallet.
CoinBase.
Coinbase is primarily ERC20 and does not support BNB. Going this route will require another tool to bridge from ERC20 to BEP20.
Create a CoinBase wallet Buy USDT (ERC-20) Send USDT (ERC-20) to the MetaMask address The USDT will now appear under the Ethereum network within MetaMask. If you don’t see the USDT token in your assets, you will want to add it. To bridge the tokens we’ll use app.multichain.org.
Note: You will pay two fees. The first will enable the swap and the second to do the swap. When I did this the fees were $15 and $24, so it cost $39 just to bridge the tokens. This is due to the high fees on the Ethereum network. An equivalent transaction on the BSC is under $1.
Once you have approved the swap you’ll wait for the transaction to complete. This can take 30 minutes or more depending on the network traffic. BSC is faster, so another reason to use it instead of Ethereum.
5. From within MetaMask, using the BSC network, ولې موږ باسي swap the USDT for BNB using the swap button. There will be two transactions. Notice the lower fees.
How to get FIAT back out from MetaMask.
We’ll use Binance.us and Coinbase (with app.multichain.org as a bridge) again to convert BNB BSC back to Fiat money.
binance cryptocurrency exchange.
You can obtain your Binance BNB BEP-20 (BSC) address from within binance cryptocurrency exchange by clicking send and selecting BEP-20 from the dropdown:
2. From MetaMask send the BNB to the Binance BEP-20 (BSC) address that is generated in the Deposit BNB dialog above.
3. From Binance sell the BNB for USD.
4. Pull out the fund by sending via ACH for small amounts or use a Wire Transfer to Bank for large amounts.
Coinbase.
Going this route will again require a bridge to get the funds from BEP-20 to ERC-20 for ווידט באַנאַנס Coinbase.
From within MetaMask, using the BSC network, swap the BNB for USDT using the swap button Use app.multichain.org to convert USDT (BEP-20) to USDT (ERC-20) from one MetaMask network to the other:
3. Send the USDT (ERC-20) from MetaMask to Coinbase.
4. Convert USDT to USD and use the "Cash out" option.
Conclusion.
I hope these options are helpful. It’s easy to make mistakes during this process. Always double-check the networks and addresses you are using.
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